One of my favorite holiday songs is “It’s the Most Won-der-ful Time of the Year,” but changing the lyrics to “It’s the Most Cash-Zap-Ing Time of the Year” seems a bit more apropos, doesn’t it? Adding to all the craziness that goes along with the holiday season and year-end small business frenzy is the gifting […]
It’s Week Nine of the 2013 football season, and millions of Americans are following every play. The Kansas City Chiefs are still undefeated. The New York Giants have finally won a couple of games. And playoff races are already starting to take shape. (Bengals, anyone?) So, what does any of this have to do with taxes? […]
Financial Engineer Discusses Ways to Troubleshoot Unnecessary Financial Burdens Taxes account for the most expensive burden you’ll experience in your lifetime, says engineer-turned-independent financial planning coach Rao K. Garuda. In addition to federal, state, city and death taxes, there are 59 other varieties. Relatively few taxes, however, account for the bulk of the burden on […]
Unlike last year, tax planning for 2013 is not hampered by uncertainties over alooming fiscal cliff. Unfortunately, there is always some uncertainty and a few expiring provisions to warrant special attention by taxpayers. Managing income taxes at year end involves techniques designed to address three issues: • Accelerating or deferring income: If a taxpayer expects to […]
Home-based businesses comprise one of the fastest growing business segments today. People love the idea of being able to be their own boss and work from the comfort of their own home. According to statistics from the U.S. Small Business Administration, 52 percent of all small businesses are considered home-based. There are approximately 14 million […]